In this case, the spinoff is the better buy

KAR Auction Services and its former subsidiary IAA continue to shift their operations online, which should work to limit COVID-19 disruptions. We, therefore, like their long-term outlook. Still, for your new buying, we prefer IAA given the growing number of insurance companies opting to sell… Read More

We like this spinoff and its former parent

KAR AUCTION SERVICES INC. $25 (New York symbol KAR; Manufacturing & Industry sector; Shares outstanding: 133.4 million; Market cap: $3.3 billion; Dividend yield: 5.6%; Takeover Target Rating: Medium; sells used and salvaged vehicles at 250 physical auction sites in North America and over the Internet. The company… Read More

Takeover Spotlight

HUDSON’S BAY CO. $9.85 (Toronto symbol HBC; Consumer sector; Shares outstanding: 184.1 million; Market cap: $1.8 billion; Takeover Target Rating: Highest; Dividend yield: 0.4%; operates Canadian retail chains Hudson’s Bay and Home Outfitters; HBC Europe; Lord & Taylor; Saks Fifth Avenue and Saks Fifth Avenue Off 5th.
On… Read More